Two financial funds and receivers appointed over three Dublin housing developments sought an injunction in the High Court to restrain the alleged owner of the developments from making public confidential financial information about the two financial companies.
The plaintiffs sought a temporary injunction restraining the person in possession of the information from using, publishing, distributing or disseminating any information he claimed to have acquired about the financial funds.
In 2022 the plaintiffs appointed receivers over three developments owned by Victoria Homes which is the subject of proceedings currently before the High Court.
The court was told that the individual sent an email on 14th April stating ‘the whole Lotus loan book accounting to €110 million'. He claimed the file he had contained the names and personal details of everyone on the Lotus Decalia DAC loan book. His email said it ‘makes great reading’.
The defendant claimed that the financial information was sent to him by somebody working for the financial firms. The email was read to the court.
The High Court granted the temporary injunction restraining the person from publishing, distributing or disseminating any information he had in his possession about the financial funds.
Emerald Sky 11 DAC and Lotus Decalia DAC v Patrick Byrne High Court 19 April 2023